Netflix director charged with fraud and arrested for embezzling drama budget for stock and cryptocurrency trading

Odaily Planet Daily News: Netflix director Carl Erik Rinsch has been charged with fraud and arrested for embezzling the show's budget to buy and sell stocks and cryptocurrencies. It is reported that Carl Erik Rinsch embezzled $4 million from Netflix's Conquest budget to bet on DOGE, making a profit of $27 million. Netflix spent $55 million on Conquest, but did not release a single episode. In March 2020, Netflix purchased the concept of Rinsch and provided a budget of $44 million. 16 months later, the director requested additional funding, and Netflix agreed to add $11 million after the series was completed. （The Block）